The Premiere Residential Acquires Soltra At SanTan Village Multifamily In Gilbert, AZ For $140M

Soltra at SanTan Village, a luxury apartment community in Gilbert, has been sold for $140 million. The property, located at 1690 South Santan Village Parkway, consists of 380 units, with an average price per unit of $368,421. This transaction marks a significant sale in the currently low-volume multifamily asset sales market in Gilbert, AZ.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $140,000,000
• Units: 380
• Price Per Unit: $368,421

The buyer in this transaction is The Premiere Residential, while the seller is Leon Capital Group. The deal was facilitated by the brokers, Matt Pesch, Asher Gunter, Sean Cunningham & Austin Groen, representing CBRE.